New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-06
THE NAJJON'S PROGRESS.

"The Baltimore Manufacturers Record
| submits list of 1855 new manufacturing
| works at the South. organized or established
during the first half of 1887, against SIP dur
ing the same part of 1886. The capital and
capital stock Of the new enterprises
it rcckons at Sl61, III, 900 for half of 1897.
against 500, 81 200 for the same part of last
year, and it maintains that the sum invested
in hundreds of small manufacturing works not
included in the list would largely though not
wholly compensate for the over-capltalizatlon
of some interpretations. Moreover, no account
is taken of new machinery added by establis
mcnts previously organized. In the South a.
the expression is used by The Manufacturers
Record, Maryland is included, but not Della
ware nor Missouri. A considerable addition
would need to be made for the new invest
n,enas In those States.
"The Chicago Railway Age" gives returns
showing that $3.50 miles of new railroad
were built during the fist half of 1887. The
report is much larger than would be indicated
nv the weekly returns TO "The Railway Ga
zette of this city, but the latter docs not
claim to be able to include all railway con-
structon in its currena acc cunts. Assuming
that $3.50 miles of railroad have been built.
at an average cost of $4,000 per mile the
actual investment of cash would be
S112, 500 600 for half tho year, but the mar
kct value of stocks and bonds sold by pro-
| ectors would doubtless cover a cOnsiderabl ~
| larger sum.
.'Bradstreet's7 recently published statistics
showing that the expenditure in building, In
thrty-fve cities which have official records OF
new structures erected. during five months Of
the year 1887 exceeded $lO3OOO,0OO. BY
comparison Of its tables with the census re-
ports il is found That the same thirty-fve
cities reported in 1880 real estate assessed at
| S., 500 600. 900. while other cities which have
| no official reports Of this nature then reported
real estate assessed at $2,332, 100000 II
building was at the same rate in other cites-
the aggregate expenditure in all cities would
be 1924, 900, 600 IN five months, or about
S269, OOO, 900 for expenditures in cities only
during the half year. Outside the cities the
assessed valuation of real estate in 1880 was
about $1,000, 100000. Assuming that ex-
pendituro in building was less than half as
great in proportion TO the value OF property
| in country towns and districts as in the cities.
there would be about $15O,OO0,OOO to be
added. SO that an estimate OF S4OO,OOO,OOU
for the cost of all buildings during the first
half of 1887 seems to be sufficiently justified
10y the partial returns.
Building in the latter serse may include
depots and shops erected by railroad compa-
MICS. which forms but small part Of the cost
of new railroads. 1t would also include she
cost Of the mere buildings erected by manu-
featuring establishments at the South, which
is part, but certainly not more than third.
Of the entire outlay contemplated by new
manufacturing establishments. Roughly
speaking, Chen, the three items of expenditure
may be estimated at $500, 600. 600 for building.
500, 100000 for railroad tracks and
500, OOO,O 600 for Southern works exclusive
of buildings; in all $500, 600, 900 for the hall
year. To this must be added an allowance
which can in no way be accurately computed
for the new manufacturing establishments in